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Feb 11, 2014
Feb 11, 2014

Fed’s Plosser concerned central bank will resist higher rates too long

NEWARK, Delaware (Reuters) – Charles Plosser, president of the Federal Reserve Bank of Philadelphia, said on Tuesday history is not on the side of the central bank when it comes to raising interest rates in a timely manner and the risk is financial markets will force its hand.

Plosser, speaking at the University of Delaware, said it is always easier to lower interest rates to spur economic activity than to raise interest rates, a mechanism to slow the pace of inflation.

Feb 11, 2014
Feb 11, 2014
Feb 7, 2014
Feb 7, 2014
Feb 7, 2014

Dollar slips after rocky reaction to downbeat U.S. jobs data

NEW YORK, Feb 7 (Reuters) – The dollar drifted lower after a
weaker-than-expected U.S. jobs report on Friday that muddies the
waters but is seen as unlikely to dissuade the Federal Reserve
from diverting from its path of steadily removing monetary
stimulus from the U.S. economy.

U.S. nonfarm payrolls growth in January came in at a
disappointing 113,000 against a consensus of 185,000, initially
sending the greenback sharply lower. However, a bright spot in
the report showed the proportion of working age Americans who
have a job or are looking for one increased.

Feb 7, 2014

Dollar steady after rocky reaction to downbeat US jobs data

NEW YORK, Feb 7 (Reuters) – The dollar see-sawed after a
weaker-than-expected U.S. jobs report on Friday that muddies the
waters but is unlikely to dissuade the Federal Reserve from
diverting from its path of steadily removing monetary stimulus
from the U.S. economy.

U.S. nonfarm payrolls growth in January came in at a
disappointing 113,000 against a consensus of 185,000, initially
sending the greenback sharply lower. However, a bright spot in
the report showed the proportion of working age Americans who
have a job or are looking for one increased.

Feb 7, 2014

Dollar slides lower after U.S. jobs report weaker-than-expected

NEW YORK (Reuters) – The U.S. dollar dropped broadly on Friday after the January U.S. non-farm payrolls report showed weaker-than-expected employment growth, driving interest rates lower and taking away an advantage for the greenback.

The euro initially popped to a high of $1.36490 from $1.58950, on the EBS trading platform. It has since faded back to $1.35990, a gain of just 0.09 percent on the day.

Feb 6, 2014
    • About Daniel

      "I'm a New York-based global investment correspondent with over 20 years of experience covering financial markets, business and foreign policy. My current post lets me roam across all asset classes and geography, from the developed to the emerging markets. I've reported and taught business and economic journalism from Asia, Europe, Latin America and the United States. Prior to joining Reuters I was a producer at CNN Business News in New York."
      Joined Reuters:
      1997
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